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[行业报告] COVID-19 in India - Weekly Food Retail Update 进入全文

USDA

Indore: As part of an easing of restrictions, grocery stores and dairy shops will be allowed to operate in the central part of the city, but only to handle home delivery orders. Fruit and vegetable vendors will also be allowed to operate.

[行业报告] World Agricultural Production-202005 进入全文

USDA

Monthly report on crop acreage, yield and production in major countries worldwide. Sources include reporting from FAS’s worldwide offices, official statistics of foreign governments,  and analysis of economic data and satellite imagery. The report reflects official USDA estimates released in the monthly World Agricultural Supply and Demand Estimates (WASDE).

[学术文献] Producer Attitudes Toward Output Price Risk: Experimental Evidence from the Lab and from the Field 进入全文

American Journal of Agricultural Economics

A number of agricultural and food policy instruments are predicated on the idea that producers dislike output price risk. We test experimentally some theoretical predictions about the behavior of producers in the face of output price risk, namely Sandmo's (1971) prediction that price risk at the extensive margin causes risk‐averse producers to decrease how much they produce and Batra and Ullah's (1974) prediction that price risk at the intensive margin causes producers whose preferences exhibit decreasing absolute risk aversion to further decrease how much they produce. We do so in labs with US college students as well as in the field with Peruvian farmers. First, as regards price risk at the extensive margin, we find no support for Sandmo's prediction. Second, consistent with Batra and Ullah's prediction, we find that output decreases in response to price risk at the intensive margin when imposing a linear relationship between output and price risk. When relaxing the assumption of linearity between output and price risk, however, we find a nonmonotonic relationship between output and price risk. Taken together, these results are broadly inconsistent with expected utility theory. Alternative models of behavior in the face of risk, such as prospect theory, may explain the behavior we observe.

[学术文献] Marketing efficiency and determinants of marketing channel choice by rice farmers in rural Tanzania: Evidence from Mbeya region, Tanzania 进入全文

Australian Journal of Agricultural and Resource Economics

Rice production is an increasing source of income and food security for smallholder farmers in many parts of Tanzania. Improving market access for rice farmers is essential to raise rural incomes and reduce poverty. This paper aims to determine the most efficient rice marketing channel and analyse the factors affecting marketing channel choices by smallholder rice farmers. Marketing efficiency was tested using Acharya and Aggarwal's composite index method. A multinomial logit model was used to analyse the marketing channel choices. The results showed that the miller–wholesaler marketing channel is the most efficient. The results show that most farmers in rural areas still sell their rice to local collectors because of failure, fear or inability by farmers to venture out of the farm gate into the markets. The findings suggest that there is a need to improve rural infrastructure, market information systems, smallholder access to productive assets, prudent use of credit and strengthening collective action through well‐organised farmer groups in the country.

[学术文献] Infrastructure Improvements and Maize Market Integration: Bridging the Zambezi in Mozambique 进入全文

American Journal of Agricultural Economics

Historically, transport infrastructure connecting the most agriculturally productive areas of Mozambique and the richer southern region has been poor. A primary bottleneck was an unreliable ferry service over the Zambezi river, addressed by construction of a road bridge in 2009. In this paper we identify the impact of this transport infrastructure enhancement on integration of national maize markets. Applying a dyadic regression approach, we find a significant narrowing of equilibrium price differences among market pairs that experienced a large relative reduction in journey times due to the new bridge. We also estimate that the elasticity of the absolute price differential with respect to intermarket driving times is around 30%. As such, the new bridge infrastructure enhanced market integration by shrinking the “internal border” at the river, but such benefits were spatially limited.

[前沿资讯] China purchases a positive for soybean market 进入全文

Ag update

The fact that China has made some purchases of U.S. soybeans is a positive sign to the market, but whether or not China will be able to live up to its agreement in Phase One of the trade deal is still unknown at this time given the ongoing coronavirus pandemic and the effect it is having on the world’s economies. The market has been encouraged by a good amount of soybean demand over the first couple weeks of May, a lot more than anticipated, according to Randy Martinson, president of Martinson Ag Risk Management, Fargo, N.D. “We are starting to see a return of China to the U.S. market as the Brazilian real continues to be very cheap,” Martinson said. “Part of the reason why I think we’re seeing some of this demand is China is now starting to prime the pump to start switching their demand source away from South America to the U.S.

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